Coinbase’s Armstrong Looks to Make More Acquisitions After Deribit Purchase

Coinbase’s Armstrong Looks to Make More Acquisitions After Deribit Purchase

Coinbase Global Inc. Chief Executive Officer Brian Armstrong said the largest US crypto exchange continues to look at mergers and acquisitions, following its $2.9 billion agreement to buy the derivatives exchange Deribit earlier this month.

The CEO of Coinbase shared his intention to make more strategic purchases after the $2.9 billion agreement with Deribit. The company seeks to strengthen its presence in the face of competition and institutional demand. *** Coinbase plans to continue with acquisitions to strengthen its international presence. CEO Brian Armstrong shares the plans after the purchase of the Deribit exchange. The news highlights Coinbase’s strategic direction at key …

Coinbase Buys Deribit For $2.9B As Derivatives Take The Lead In 2025’s Crypto Shift

Coinbase has announced that it will buy Deribit, a leading crypto derivatives exchange, for $2.9 billion. This is a big deal for the cryptocurrency industry. This move sets Coinbase up to offer more in the derivatives market, which is growing quickly and has seen a lot of interest from institutions in 2025. Since the volume of derivatives trading often exceeds the volume of spot trading, the acquisition shows a change in strategy—away from retai…

+ IN THE LOOP Baidu prepares the launch of its robotaxis in Switzerland and Turkey The Chinese technology giant Baidu plans to test its autonomous robotaxis service, Apollo Go, in Switzerland by the end of 2025, thus marking its first incursion into the European market. Discussions are under way with the European market. ... The Coinbase article offers Deribit for $2.9 billion / Amazon combined with Riyadh / Y Combinator accuses Google of curbin…

Coinbase to Acquire Deribit for $2.9 Billion in Landmark Crypto Deal - CryptoShrypto

In the largest acquisition in crypto history, Coinbase announced Thursday it will acquire Dubai-based Deribit, a leading crypto derivatives exchange, for $2.9 billion. The deal includes $700 million in cash and 11 million shares of Coinbase class A common stock, and is expected to close by year-end. Coinbase shares surged over 5% following the announcement. The move marks a major step in Coinbase’s international expansion and positions the U.S.-…